Engineering group Chamberlin has seen revenues rise by almost a third as it bounces back from a tough period.
Walsall-based Chamberlin (CMH) has reported a 29 per cent rise in sales, to £18.3 million, which helped it back into the red.
In the six months to September 30, the firm posted a pre-tax profit of £91,000, in comparison to a loss of £713,000 in 2009.
Chairman Tom Brown said the improvement was aided by cost-cutting measures.
He said: “I am very pleased to report Chamberlin’s return to profitability. Results for the half year show sales up by 29 per cent over the same period last year to £18.3 million. While that is still approximately 20 per cent below the group’s pre-recession first half peak of £23.5 million in 2008, we expect revenues to continue to build.
“The modernisation programme we completed before the downturn and the measures we took during recession, to reduce costs and further improve efficiencies are benefiting Chamberlin’s competitive position as the trading backdrop improves. We are now winning business as engineering demand recovers both in the UK and globally.
“In addition, with the platform for growth in place, we are also returning to our aim of acquiring complementary businesses, fitting our criteria of “difficult things done well.
“We have experienced recovery across almost all our activities and with continuing evidence of growth and our expectations of new orders we believe that the Group is likely to deliver pre-tax profits for the full year ahead of current market forecasts.”
